Fuel your cash flow. If you want the highest initial payment, we have a flat fee non-recourse program that will do that. Or if you want a recourse program at a possibly lower cost, we have that too.
Non-Recourse factoring means TBS takes the credit risk.
If a load is not paid because of a credit problem then TBS takes the loss. Credit protection is very important because every month brokers and shippers go out of business still owing money to motor carriers. This typically works well for companies with 1-5 trucks that haul for numerous customers and for carriers with a low credit score.
Recourse factoring means you take the credit risk.
If you are comfortable taking credit responsibility, this program has the benefit of offering lower fees because the truck factor (TBS) is taking less risk.
TBS offers a variety of truck factoring programs.
We would appreciate the opportunity to discuss your individual needs to help determine what type of freight factoring program would work best for you. TBS also provides the benefit of being able to change programs. If you start off with one program and decide that switching to another program would be advantageous, we are happy to make the change.